BHP announced it would invest US$5.7 billion in the Jansen Stage 1 potash project in the province of Saskatchewan, Canada.
The Jansen Stage 1 potash project includes the design, engineering and construction of an underground potash mine and surface infrastructure including a processing facility, a product storage building, and a continuous automated rail loading system.
The project is expected to produce approximately 4.35 million tonnes of potash per annum, with first ore targeted in the 2027 calendar year.
BHP Chief Executive Officer, Mike Henry, said construction is expected to take approximately six years, followed by a ramp up period of two years.
“Jansen is located in the world’s best potash basin and is expected to operate up to 100 years,” Mr Henry continued.
“Potash provides BHP with increased leverage to key global mega-trends, including rising population, changing diets, decarbonisation and improving environmental stewardship.”
Video: BHP
